U.S political events have a significant impact on the USD
Trump Election (2016): subsequent DXY downtrend during the first year of TRUMP presidency. The price seems to have retraced from a peak and continued declining for about a year.
Biden Election (2020): After the 2020 election of Joe Biden, there was a notable bottoming pattern, followed by a strong upward movement in the DXY, implying a recovery or strengthening of the USD.
the DXY moved within a range during Trump's presidency, between 88.275 and 104.023 .
Current Analysis (2024): The DXY is approaching a sell zone, potentially aiming for a reintegration into the Trump range.
U.S. political events, such as presidential elections, have a significant impact on the USD's strength. The transitions in administrations are marked by notable shifts in the DXY.
Biden Election (2020): After the 2020 election of Joe Biden, there was a notable bottoming pattern, followed by a strong upward movement in the DXY, implying a recovery or strengthening of the USD.
the DXY moved within a range during Trump's presidency, between 88.275 and 104.023 .
Current Analysis (2024): The DXY is approaching a sell zone, potentially aiming for a reintegration into the Trump range.
U.S. political events, such as presidential elections, have a significant impact on the USD's strength. The transitions in administrations are marked by notable shifts in the DXY.
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